1 week Ago By ABMN Staff
StockNews.com began coverage on shares of BlackRock ( NYSE:BLK – Free Report ) in a research report report published on Monday. The brokerage issued a hold rating on the asset manager’s stock.
Several other equities analysts have also issued reports on BLK. The Goldman Sachs Group lifted their target price on shares of BlackRock from $960.00 to $1,040.
00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Wells Fargo & Company lifted their price objective on BlackRock from $1,000.00 to $1,070.
00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. increased their target price on BlackRock from $864.
00 to $914.00 and gave the stock a “neutral” rating in a research note on Monday, October 21st. Deutsche Bank Aktiengesellschaft lifted their price target on BlackRock from $1,105.
00 to $1,133.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Barclays increased their price objective on shares of BlackRock from $1,120.
00 to $1,220.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock.
Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,063.00. View Our Latest Stock Report on BlackRock BlackRock Price Performance BlackRock ( NYSE:BLK – Get Free Report ) last announced its quarterly earnings results on Friday, October 11th.
The asset manager reported $11.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $10.42 by $1.
04. BlackRock had a net margin of 31.37% and a return on equity of 15.
52%. The company had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.
03 billion. During the same quarter in the previous year, the company earned $10.91 earnings per share.
BlackRock’s quarterly revenue was up 14.9% on a year-over-year basis. On average, equities research analysts predict that BlackRock will post 43.
18 EPS for the current year. BlackRock Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 5th were paid a dividend of $5.
10 per share. This represents a $20.40 annualized dividend and a yield of 1.
96%. The ex-dividend date was Thursday, December 5th. BlackRock’s dividend payout ratio (DPR) is presently 50.
35%. Insider Buying and Selling at BlackRock In related news, Director Mark Wiedman sold 36,190 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $1,045.
90, for a total transaction of $37,851,121.00. Following the completion of the transaction, the director now directly owns 6,480 shares of the company’s stock, valued at approximately $6,777,432.
This represents a 84.81 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link .
Also, COO Robert L. Goldstein sold 54,000 shares of BlackRock stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $1,046.
03, for a total value of $56,485,620.00. Following the completion of the sale, the chief operating officer now directly owns 41,916 shares in the company, valued at approximately $43,845,393.
48. The trade was a 56.30 % decrease in their position.
The disclosure for this sale can be found here . Insiders own 0.90% of the company’s stock.
Institutional Investors Weigh In On BlackRock Several institutional investors have recently modified their holdings of the stock. State Street Corp boosted its position in shares of BlackRock by 0.7% during the third quarter.
State Street Corp now owns 5,983,583 shares of the asset manager’s stock valued at $5,681,472,000 after buying an additional 42,757 shares during the period. Geode Capital Management LLC boosted its holdings in BlackRock by 1.1% during the 3rd quarter.
Geode Capital Management LLC now owns 2,816,577 shares of the asset manager’s stock valued at $2,663,330,000 after acquiring an additional 30,182 shares during the period. FMR LLC grew its position in BlackRock by 10.6% in the 3rd quarter.
FMR LLC now owns 2,363,965 shares of the asset manager’s stock valued at $2,244,608,000 after acquiring an additional 226,135 shares during the last quarter. Fisher Asset Management LLC increased its stake in BlackRock by 1.9% in the third quarter.
Fisher Asset Management LLC now owns 2,192,247 shares of the asset manager’s stock worth $2,081,561,000 after purchasing an additional 40,865 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in shares of BlackRock by 2.
9% during the second quarter. Ameriprise Financial Inc. now owns 1,665,044 shares of the asset manager’s stock worth $1,310,762,000 after purchasing an additional 46,728 shares during the last quarter.
80.69% of the stock is owned by institutional investors. BlackRock Company Profile ( Get Free Report ) BlackRock, Inc is a publicly owned investment manager.
The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks. Read More Receive News & Ratings for BlackRock Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BlackRock and related companies with MarketBeat.com's FREE daily email newsletter .
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